Fastly (NASDAQ:FSLY) Stock: Insider Charles Lacey Compton III Sells 11,433 Shares

Fastly, Inc. (NASDAQ:FSLY) CEO Charles Compton, III sold 11,433 shares of the company’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $24.90, for a total value of $284,681.70. Following the transaction, the chief executive officer directly owned 840,516 shares in the company, valued at $20,928,848.40. This represents a 1.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Charles Lacey Compton III also recently made the following trade(s):

• On Monday, October 19th, Charles Compton, III sold 9,016 shares of Fastly stock. The stock was sold at an average price of $23.08, for a total value of $208,089.28.
• On Monday, September 14th, Charles Compton, III sold 50,392 shares of Fastly stock. The stock was sold at an average price of $24.93, for a total transaction of $1,256,272.56.
• On Tuesday, September 8th, Charles Compton, III sold 2,436 shares of Fastly stock. The shares were sold at an average price of $21.23, for a total transaction of $51,716.28.
• On Wednesday, September 2nd, Charles Compton, III sold 9,458 shares of Fastly stock. The shares were sold at an average price of $20.42, for a total transaction of $193,132.36.
• On Tuesday, September 1st, Charles Compton, III sold 55,579 shares of Fastly stock. The stock was sold at an average price of $21.39, for a total transaction of $1,188,834.81.
• On Monday, August 31st, Charles Compton, III sold 15,028 shares of Fastly stock. The stock was sold at an average price of $23.00, for a total transaction of $345,644.00.
• On Wednesday, August 19th, Charles Compton, III sold 11,198 shares of Fastly stock. The shares were sold at an average price of $24.69, for a total transaction of $276,478.62.
• On Tuesday, August 18th, Charles Compton, III sold 34,552 shares of Fastly stock. The stock was sold at an average price of $28.60, for a total value of $988,187.20.
• On Tuesday, August 4th, Charles Compton, III sold 14,868 shares of Fastly stock. The stock was sold at an average price of $25.00, for a total value of $371,700.00.

Fastly Price Performance

NASDAQ FSLY traded down $0.92 during mid-day trading on Tuesday, hitting $22.07. The stock had a trading volume of 3,508,635 shares, compared to its average volume of 9,076,483. The company has a 50 day simple moving average of $24.84 and a 200 day simple moving average of $22.60. The company has a market cap of $3.52 billion, a price-to-earnings ratio of -41.64 and a beta of 0.31. Fastly, Inc. has a 52-week low of $7.87 and a 52-week high of $34.82. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33.

Fastly (NASDAQ:FSLY) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%. The business had revenue of $183.32 million during the quarter, compared to analysts’ expectations of $173.94 million. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. Equities analysts forecast that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on FSLY shares. Royal Bank Of Canada restated a “sector perform” rating and set a $25.00 target price on shares of Fastly in a report on Wednesday, September 23rd. Freedom Capital raised shares of Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Piper Sandler increased their price target on shares of Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. KeyCorp reissued an “overweight” rating and set a $30.00 price objective on shares of Fastly in a research note on Friday, September 18th. Finally, Evercore reissued an “outperform” rating on shares of Fastly in a research note on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.42.

Institutional Trading of Fastly

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in shares of Fastly by 120.0% during the first quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock valued at $36,888,000 after acquiring an additional 692,459 shares during the last quarter. Convergence Investment Partners LLC acquired a new position in Fastly in the 1st quarter valued at about $1,951,000. Range Financial Group LLC acquired a new position in Fastly in the 1st quarter valued at about $1,667,000. Castleark Management LLC purchased a new position in Fastly in the 1st quarter valued at about $5,164,000. Finally, Wellington Management Group LLP purchased a new position in Fastly in the 2nd quarter valued at about $8,696,000. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

About Fastly

Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.

Fastly’s products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.